Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20811 Dawn Dr Lago Vis # TX 78645 Lago Vista, TX 78645

    View on Map
    For Sale
    $1,750,000

    20811 Dawn Dr Lago Vista, TX 78645

    Property size:
    14,610 SF
    Lot size:
    0.60 Acres
    Price / SF:
    $119/SF
    Added:
    Jan 2, 2026
    Days on Market:
    120
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 20811 Dawn Dr Lago Vis # TX 78645

    General Information

    Standard status
    Active
    Property type
    Office Units, Office properties & Spaces
    Size
    14,610 SF
    Lot size
    0.60 Acres

    We can help!

    Listing Contact
    Jeffrey Slanker

    Listing agent Jeffrey License #617990

    Listing office Keller Williams Realty | Austin | 512.963.3926

    Listing date Jan 2, 2026

    Overview

    Commercial Office Park For Sale

    Located in a thriving business district, the commercial office park at 20811 Dawn Dr, Lago Vista, TX 78645-5213, is available for sale. The property offers ample parking and excellent visibility from the road. Interior spaces are tenant-ready with functional office layouts, featuring a mix of carpet and laminate flooring with zoned heating and cooling. The interior includes high ceilings and plenty of natural light options, with a floor plan that allows for maximum flexibility. There is also a common break area with a kitchenette. The asphalt parking and accessible site layout support multiple tenants and clients. The property, situated on a 0.6-acre lot, is suitable for a variety of uses, including general office space or service-oriented businesses. The property size is 14610.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Lago Vista
    County
    Travis
    State
    Texas
    Longitude
    -97.9683
    Latitude
    30.4521

    Nearby Similar for Sale

    • $399,500
      1,681 SF

      Updated Condo with Lake Travis Views

      Updated 3-bedroom condo with lake views and resort-style amenities.
      3404 American Drive #3119, Lago Vista, TX 78645,
      View Details
    • $3,600,000
      11,608 SF

      New Construction Duplexes For Sale

      Fully leased, income-producing new construction duplexes with amenities.
      21210 Portsmouth Cove, Lago Vista, TX
      View Details
    • Contact for pricing
      14,610 SF

      Commercial Office Park For Sale

      Spacious commercial office park with ample parking and excellent visibility.
      20811 Dawn Dr, Lago Vista, TX 78645
      View Details
    • $1,050,000

      Remodeled Office Building Investment

      Remodeled office building with 100% occupancy and great frontage.
      20811 Dawn Dr, Lago Vista, TX
      View Details
    • $3,600,000
      2,902 SF

      New Construction Duplexes For Sale

      Four new construction duplexes, fully leased, income-producing properties.
      21210 Portsmouth Cove, Lago Vista, TX 78645
      View Details

    FAQs

    What type of property is this?
    Office units - 20811 Dawn Dr Lago Vista, TX 78645
    Where is this office units located?
    The property is located at 20811 Dawn Dr Lago Vis # TX 78645 Lago Vista, TX.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Interior spaces are tenant‑ready with functional office layouts.; Asphalt parking and accessible site layout support multiple tenants and clients.; Interior includes a mix of carpet and laminate flooring with zoned heating and cooling.
    (512) 963-3926
    We can help!
    Listing Contact
    Jeffrey Slanker
    Real Estate License ID: 617990
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    20811 Dawn Dr Lago Vis # TX 78645, Lago Vista, TX 78645

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!